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A firm has a tax burden of 0.7,a leverage ratio of 1.2, an interest burden of 0.6, and a return-on-sales ratio of 12%. The firm

A firm has a tax burden of 0.7,a leverage ratio of 1.2, an interest burden of 0.6, and a return-on-sales ratio of 12%. The firm generates $2.32 in sales per dollar of assets. What is the firm's ROE?

14.0%

16.7%

11.7%

8.4%

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